Nokia: How about $2 billion now? Microsoft: OK

Almost $2 billion in advance: That’s what Nokia is getting immediately, taking Microsoft up on an option for cash that can later be deducted from the purchase price of the phone maker’s devices and services division. Does this mean that Nokia’s desperation for cash was a key driver of the acquisition?

Newest experts recruited for GreenBeat: Allan, Hublou, Mezey, Pacyna, Von Dollen

We’re putting the final touches on the agenda for GreenBeat 2009, the seminal executive conference on the Smart Grid, taking place next week on Nov. 18 and 19. Today, we’re delighted to announce the addition of representatives from the Electric Power Research Institute, several major corporations shaping the grid, and a bold new startup.

Corrected: Pixim raises more money for video surveillance chips

Pixim has been picking away at the market for video surveillance chips for a long time. The Mountain View, Calif.-based company was founded in 1999 to create chips that delivered much better processing power for visual imagery.